Top cryptocurrency news today: Know about Bitcoin plunge, Parliamentary meet and more
Cryptocurrencies are trading in the red on November 16 while in the Parliamentary meet held on November 15, concern over the security of investors' money is raised.
New Delhi: In recent times, cryptocurrencies have gained immense popularity, and investors and actively participating in the investment and trading of cryptos through new technology. Thus, investors and others need to know about the changes and updates cryptocurrencies are undergoing every day.
Here are some top interesting updates about crypto that you would like to know:
- Cryptos trading in red today; Bitcoin, Ether, Dogecoin, Shiba Inu experience plunge
The cryptocurrencies continue to trade in the red on November 16. The global cryptocurrency market capitalisation is Rs 199.31 lakh crores, experiencing a fall of 6.24% over the last 24 hours. Besides, the total crypto market volume is Rs 8,33,533 crores with a 29.03% increase over the last day. Currently, Bitcoin is trading at Rs 50,03,493 with a dominance of 43.36%, resulting in an increase of 0.06% over the last day.
- At Parliamentary meet on cryptocurrency, concerns over security of investors’ raised
The Parliamentary Standing Committee on Finance held a meeting on November 15 with the industry associations and experts to discuss crypto finance in India. The meeting was chaired by BJP MP and former union minister Jayant Sinha. At the end of the meeting a conclusion was drawn which stated that though cryptocurrency cannot be stopped, it must be regulated. Also, concern over the security of investors’ money was raised.
- HuskyX price surge to 64,000% in less than 24 hours
A less-popular cryptocurrency, HuskyX surged up by a huge 67,000% in less than 24 hours. Just before a day, the value of the digital coin was $0.000000008738 which shot to $0.000001485 in 24 hours. The traded value of HuskyX crossed 3,450% with cumulatively valuing $1.06 million trading hands in 24 hours.